Q. Rs. 10000 is being compounded at 20% per annum. Calculate the amount after 2 years if rate of interest is charged half yearly.
A) Rs. 14641
B) Rs. 10041
C) Rs. 13660
D) Rs. 12000
✔ Correct Answer: Rs. 14641
Exam Insight
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A) Rs. 14641
B) Rs. 10041
C) Rs. 13660
D) Rs. 12000
✔ Correct Answer: Rs. 14641
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